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2021 (9) TMI 197 - AT - Insolvency and BankruptcyLiability for Fraudulent Conduct of Business - fraudulent transactions - existence of claim of the Appellant against the Corporate Debtor - movement of funds of the Corporate Debtor in the cooperative bank which was opened for the limited period from 19.07.2019 to 15.10.2019 - Section 61 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The Operational Creditor (Appellant) is a public incorporated Company since 09.04.1986 - It is not in dispute that they have not supplied the material and the amount were not due for collection. What wrong has been done by the Operational Creditor is violation of Section 14 of the Code. We are in agreement with the order passed by the Adjudicating Authority to the extent of refund of money and the same is in order - there is no need to interfere with the order of the Adjudicating Authority. The appeal is dismissed.
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